On August 2, 2022, PayPal Holdings, Inc. announced that Blake Jorgensen has been appointed to serve as Chief Financial Officer, effective August 3, 2022. Mr. Jorgensen, age 62, brings nearly 40 years of leadership experience in financial and operational excellence across various industries and a deep understanding of consumer products, technology, and commerce to his role. Mr. Jorgensen previously served as Executive Vice President of Special Projects at Electronic Arts Inc. (“EA”) from March 2022 to July 2022, as Executive Vice President and Chief Financial Officer of EA from September 2012 to March 2022, and as EA's Chief Operating Officer from April 2018 to October 2021.

He also managed EA's Business Development team in charge of all licensing deals in sports and entertainment, as well as the Corporate Development team in charge of all M&A and partnerships. Prior to joining EA, Mr. Jorgensen served as Executive Vice President and Chief Financial Officer of Levi Strauss & Co. from July 2009 to August 2012 and was Executive Vice President and Chief Financial Officer of Yahoo!

Inc. from June 2007 to June 2009. Before joining Yahoo! Inc., Mr. Jorgensen also served as Chief Operating Officer and Co-Director of Investment Banking at Thomas Weisel Partners, which he co-founded in 1998.

He has also held financial and operational positions at Montgomery Securities, MAC Group/Gemini Consulting, and Marakon Associates. Mr. Jorgensen earned his M.B.A. from Harvard Business School and his undergraduate degree from Stanford University. With Mr. Jorgensen's appointment, Gabrielle Rabinovitch will step down as the Company's interim Chief Financial Officer, effective August 3, 2022.

Ms. Rabinovitch will remain employed with the Company as its Senior Vice President, Corporate Finance and Investor Relations.